SEC Form 4 · accession 0001649338-16-000127
Broadcom Ltd · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charlie B Kawwas
Officer — SVP & Chief Sales Officer
Period of report
Dec 13, 2016
Accepted (ET)
Dec 15, 2016 · 5:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001649338
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares, no par valueF1 | Dec 13, 2016 | M | 20,000 | $71.86 | A | 87,581 | D | |
| Ordinary Shares, no par valueF2,F1 | Dec 13, 2016 | S | 10,000 | $178.89 | D | 77,581 | D | |
| Ordinary Shares, no par valueF1 | Dec 13, 2016 | S | 10,000 | $180.58 | D | 67,581 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $71.86 | Dec 13, 2016 | M | 20,000 | D | — | Jun 9, 2021 | Ordinary Shares, no par value | 20,000 | 70,000 | D |
Explanation of responses
- F1Includes 65,611 Restricted Share Units.
- F2Transaction executed in multiple trades at prices ranging from $178.81 to $179.02 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- F3Share price performance option (the "Option") granted pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan. The Option vests over four years, with 25% vesting on each anniversary of the date of grant, such that the Option will be fully vested on June 10, 2018. The exercisability requirements of the Option have been met.